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Ukraine should refuse from IMF loans, - Saakashvili

Source : 112 Ukraine

"The Fund gives us just enough money to pay off external debts, and we still have to bow to them", the Head of Executive Committee for Reforms said
09:31, 15 May 2020

RIA Novosti

Ukraine has to refuse from the loans provided by the International Monetary Fund. The idea belongs to Mikheil Saakashvili, the ex-Georgian leader and the incumbent Head of Executive Committee for Reforms of Ukraine. 

The politician claimed that back when he was the President, he managed to refuse from IMF loans. 

"I believe that though we are obliged to cooperate with the IMF now... just look how much money they give us. They give use just enough to pay off the external debts. And because of that, we've got to bow to them all the time. During my time in Georgia, I refused from the IMF services", he said.

According to Saakashvili, Ukraine is now strong enough to do so, too.

Related: Zelensky expects results from appointment of Saakashvili in few months

The talks with the International Monetary Fund (IMF) take place at the highest level and Ukraine expects to sign the program until the end of May as 112 Ukraine TV channel reported citing Prime Minister Denys Shmygal.

Shmygal noted that the talks are held at the level of the president and PM of Ukraine and IMF Head Kristalina Georgieva.

“The talks are complicated; the issue is about big money for Ukraine, moreover, during the crisis. The issue is about the mutual trust. And today, we are at the stage, which is close to the signing of the memorandum and receiving of the first tranche as it was agreed; it will allow us to avoid financial issues,” the PM said.

Related: Saakashvili looks for team of reformers on social networks

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